Fed Chair Jerome Powell said this week that the economy is "much improved," crediting Congress and the Fed for providing "unprecedented" support during the pandemic. The 4th-qtr GDP reading was raised to a revised 4.3% this week, and all signs point to the economy's improvement. Economists predict we may see growth as high as 7% this year. Jobless claims hit a one-year low last week, another sign of a rebound. However, there are still almost 19 million people receiving unemployment checks. Existing...READ MORE
Buying a home whether it’s your first time or you’re a seasoned home buyer, is a big deal! And at Greenway Mortgage, we want you to have a great home buying experience from start to finish. With that said, the spring real estate market has arrived! With historically low interest rates and a lack of inventory, the spring market will be a competitive one for sure. How can you prepare? We’ve got you covered so you can get ahead of the spring competition. Keep reading… You can start by downloading our Spring Guide to Buying a Home. Being prepared helps you understand the language and the process of buying a home. Preparation helps you paint a...READ MORE
Retail sales fell more than expected in February, probably due to the bitterly cold weather across the country. A rebound is considered likely next month. The Fed kept policy rates unchanged this week, stating that current monetary policy is appropriate and there's no reason to push back against the recent Treasury yield surge. Jobless claims rose unexpectedly last week to 770,000, the highest number since mid-February, as the labor market recovers in fits and starts. Homebuilder confidence in the single-family housing market fell in March. Builders...READ MORE
Consumer prices increased in February due to higher gasoline prices, yet underlying inflation remained tepid, helping ease fears that have been pushing rates higher. Treasury yields dipped this week after a key 10yr Treasury auction showed enough demand to stave off investor fears. This also relieved upward pressure on rates. Jobless claims hit their lowest level since November as states eased business restrictions and more people returned to work. Continuing claims dropped for the week, too. Last week's purchase applications were...READ MORE
Here at Greenway Mortgage, our passion for homes and building community is mirrored in our charitable giving. We strive to make a difference to the communities we serve by giving back to local organizations and supporting local charities. Throughout the years, giving back has been an important pillar of our mission. Greenway has supported dozens of local and national charities through donations and company-supported volunteer hours. For a Greenway team member, it’s about our community and the people who live in it. We also strongly support environmental issues, animal rescue/advocacy, and helping the homeless find a place to call home. Greenway Gives Back...READ MORE
In 2017 and 2018, Greenway Mortgage was awarded Best Mortgage Company in Monmouth County, NJ by the Asbury Park Press' Reader's Choice Awards.